Metronome vs Hyperliquid

Hyperliquid (HYPE) is 4994.6× the size of Metronome (MET) by market capitalisation. Over the past 30 days, MET is ahead by 5.2 percentage points (MET -0.8% against HYPE -6.0%). Their daily returns move closely together (correlation 0.76 across 32 shared trading days). MET has been the more volatile of the two, at 144% annualised against HYPE's 82%.

Correlation: 0.76
Size ratio: 1 : 4994.6
Ahead over 30 days: MET

MetronomeMET

$0.480932

24h: +0.37%
Market cap: $4.14M
Volume 24h: $74
Volatility (ann.): 144%

HyperliquidHYPE

$86.0600

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

MET 0.0%Share of the two combined market caps100.0% HYPE

Performance

METHYPE

7 days-1.94%+4.65%HYPE
30 days-0.83%-6.04%MET

Correlation

0.76over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7690d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	MET	HYPE
Max drawdown (400d)	-31.6%	-18.9%
Risk-adjusted return (90d)	-0.03	0.58

Relative strength over 90 days: HYPE outperformed MET by 6.7% — measured on the MET/HYPE ratio, so it holds regardless of market direction.

Metronome →Hyperliquid →